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Yellin’ at Yellen II

…only if markets anticipated that QEII would be approximately half a trillion $ worth of purchases of long term treasuries. If the market had expected a trillion, and QE has…

More on freshwater economics

…is one of hirsuted males forging through the marketplace…oops, I meander) that may be worth a read. I’ll add it to my “progressive sites of interest” blogroll, which, as readers…

Marginal benefits

by cactus How much are all those folks at the various TARP corporate welfare recipients worth? We’re being deluged with stories about how many executives at such institutions are leaving…

Rumours of "Green Shoots" are Exaggerated: Illinois

…five last week. Three (in Elizabeth, Oregon, and Danville) are in the NW part of the state. The other three are located near Chicago (Worth, in Cook County), Urbana (Clinton),…

Emanuel Saez wins the Clark Medal

…massive and dense enough so that *if* the theory is true they are black holes. My view is that theorizing is worth while once one has achieved something with atheoretic…